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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (4320)	3/19/2003 12:14:23 AM
From: russet	Respond to of 8273

Still have DMW and DNT,...DY too. See them all going higher eventually. Down to freebies in DMW and DNT. DMW looks like a keeper with Sierra Leone coming onstream shortly. DNT needs to drill and pull some big core,...I think they have gone as far as they can with the Goldcorp news. I prefer Peru to Nfld,...but decent gold finds have been found in Nfld,...they are just a lot bigger in Peru. When you back the value of the Sudbury play with FNX and the net cash on the balance sheet out of the shareprice of DY, you get the mine construction company and the other JV's for almost nothing. Seems like a deal to me. I'm a show me guy for the gold producers,...I see a lot of chit income statements, and with the POG stalling out the shareprices seem high for the income being produced at most companies. It's all about finding more reserves,...for all of them. I'm not in the higher gold price camp,...there is just too much gold resource overhang from the last gold cycle, and there is more than enough that is profitable at todays prices to replace production from existing mines for several years. Also, it is pretty clear that recent rising gold prices stifled jewelry demand from the main consumers. Central banks are expected to increase sales to fill in mine production supply decreases. I don't think speculative demand will fill the gap once the war premium comes off. POG is dead in the water unless Iraq does something unexpected. Me thinks that sell in May and go away has moved up to March. Basically only in freebies now and looking for fallen angels with some funnymentals and good management.